Waec Model Questions Vol1 2023 Commerce Question 49
Practice objective / multiple choice question 49 from the 2023 Waec Model Questions Vol1 Commerce examination.
A firm wants to achieve 250 GRPs in a market of 2,000,000 people. Each person should be exposed on average at least 2 times. The advertising medium charges a CPM (cost per thousand impressions) of ₦500. If the total cost exceeds ₦1,000,000 a discount of 5% is applied to the whole bill. What is the minimum advertising budget the firm must allocate?
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About This Question
This is Waec Model Questions Vol1 2023 Commerce Question 49. It is one of the objective questions from the 2023 Waec Model Questions Vol1 Commerce examination.
Difficulty level: Hard .
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